Bollywood

Salman Khan Rents Out His Rs 120 Crore Property On Rent!

Salman Khan is not only the highest paid actors of Bollywood but he is also on one of the highest tax payers. He always wants a new source of income for his charity foundation Being Human. So for this, he has now rented out his 2,140 sq m property in Linking Road, Bandra that he bought for Rs 120 crores in 2012.

He has given it on rent to the Future Group on a monthly rent of Rs 80 Lakhs. This is only for the five years and after that rent will be increased to Rs 89.6 Lakhs per month. Salman has also taken Rs 2.4 crores from the company as a security deposit. Salim Khan, Salman’s father signed the agreement on Salman’s behalf.

Kishore Biyani of Future Group told DNA, “We are opening a food hall in the leased premises. The leased property includes a basement (609.35 sq m), lower floor (373.21 sq m), first floor (579.61 sq m) and second floor (578.54 sq m) of the building, which is yet to be named. The property has been leased for a period of 60 months’’.

Earlier the property had a society of 16 flats. After buying it Salman demolished it to make a commercial building in 2013-14.

On the work front, Salman Khan will be seen in Tiger Zinda Hai that has Katrina Kaif opposite him. Directed by Ali Abbas Zafar, it is the sequel to the 2012 movie Ek Tha Tiger.

Murtaza Rangwala

Murtaza Rangwala is an entrepreneur and connector, as well as founder of Filmymantra.com. He's a frequent contributor for Filmymantra.com and provides startup advice on his motivational blog.Murtaza is a serial entrepreneur who loves building amazing products and services that scale. Digital Consultant and Social media Consultant for Leading Bollywood Movies and Celebrities. With more then 12Mn Plus followers on Social media. Have done a campaign for movies Like Sarbjit, Madaari. Engineer turned into Entrepreneur. @thatmedianerd on Twitter and Instagram

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